ASML (ASML) raised its full year sales guidance to between €43bn and €45bn, from between €36bn and €40bn. The company also increased expected gross margin to between 54% and 56%, from between 51% and 53%. Strong demand for its advanced EUV lithography machines continues to be driven by AI related semiconductor investment, with customers expanding production capacity. Management expects demand to remain robust, although tighter export restrictions and concerns over the sustainability of AI capital spending remain key risks.